745 Park AveRochester, NY 14607

Property Details for 745 Park Ave

Year built

1900

Lot size

0.47 AC

Property size (Sq ft)

7,600 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

261400 122.45-2-18.001

APU

26140012245218001

Description

This exceptional 1,675 square foot retail space is ideally situated at 745 Park Avenue in Rochester, New York, zip code 14607. Located in the highly sought-after Park Avenue neighborhood, this single-tenant property offers unparalleled visibility and accessibility. The building is a one-story structure with convenient rear parking for customers, a significant advantage in this vibrant area. The property is zoned C-2, Community Center, allowing for a variety of retail uses. The address is 745 Park Ave, with a cross street of Argyle Street. Utilities include power. There are no elevators in this single-story building. The Park Avenue neighborhood boasts a diverse mix of retail businesses, restaurants, and cafes, creating a bustling and attractive environment for both businesses and customers. This location benefits from being on a walkable, tree-lined street extending a quarter-mile from Alexander Street to Culver Road. This property presents a unique opportunity for a business seeking a prominent location in a thriving Rochester neighborhood. The space is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,521,818

  6.5%

  $1,404,755

  7%

  $1,304,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,076,199

  Geo Method

  $1,378,555

• Alternative Use

  Use

  Valuation

  Residential

  $1,404,755

  Hospitality

  $1,286,748

  Educational

  $1,070,559

  Medical

  $1,107,378

  Retail

  $1,665,315

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1471

Longitude

-77.5758

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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